INVESTORS NEWS
FOR IMMEDIATE RELEASE
Gatekeeper Secures $1.5 Million USD Non-Dilutive Credit Facility
Abbotsford, BCMay 10th, 2016 – Gatekeeper Systems Inc. (“Gatekeeper” or the “Company”) (TSX.V: GSI; OTC: GKPRF; FSE: 1GK) is pleased to announce that it has entered into a non-dilutive revolving secured line of credit of up to USD$1,500,000.
Funds will be available to the Company under the facility pursuant to an availability formula based on eligible receivables and inventory. The facility has an initial three-year term and is secured by a first charge on the assets of the Company and its subsidiaries. The Company expects to use the proceeds from the facility for inventory purchases and general working capital.
Doug Dyment, President and CEO of Gatekeeper stated, “Our goal is to deliver profitability quarter to quarter which is opening new non-dilutive financing opportunities to support cash flow during periods where sales spike. Recent business activity has resulted in purchase orders driving an increase in the Company’s backlog. This new credit facility will assist us to execute on our plan as sales increase.”
About Gatekeeper Systems Inc.
A TSX-V Company since 2013, Gatekeeper Systems Inc. has provided total mobile video security solutions to over 3,500 customers and has installations in every state and province in North America. Customers include school districts, public transit, law enforcement and military.
For more information visit: www.gatekeeper-systems.com.
On behalf of the Board,
Douglas Dyment
President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
2016-05-10 -NR – Gatekeeper Secures $1.5 Million USD Non-Dilutive Credit Facility
TRANSIT
SCHOOL BUS
FIRST RESPONDERS
Police
TAXI
TRANSPORT
![Transit](https://www.gatekeeper-systems.com/wp-content/uploads/2022/06/Transit.jpg)
SERVICE & MAINTENANCE
G4 VIEWER PLUS
TRAINING & TUTORIALS
![Support](https://www.gatekeeper-systems.com/wp-content/uploads/2022/06/Support.jpg)
PRESS & MEDIA
CORPORATE
TEAM
![investors](https://www.gatekeeper-systems.com/wp-content/uploads/2022/06/investors.jpg)
MOBILE DATA COLLECTORS (MDC™)
Y35 HD v3
Y35 v3
Y58 v3
508HD4a
Y724
Y816-R
Y816 v3
Locomotive Image and Audio Recording Devices
WIRELESS
ARTIFICIAL INTELLIGENCE
AI Dash Cam
ALE™ – Automated Lane Enforcement
Pedestrian Protector Camera AI382 AHD For Transit
HOSTED SOLUTIONS – G4 VISION
Health Check
INTERIOR VIDEO FOR TRANSIT
S32 IP v3 Camera
CI960 IP v3 Camera
WA12 Wide Angle Camera
Passenger Counting Sensor (PaC30)
EXTERIOR VIDEO FOR TRANSIT
Pedestrian Protector Camera AI382 AHD For Transit
360° Surround Vision System (SV12 v3)
![Transit Solutions Menu](https://www.gatekeeper-systems.com/wp-content/uploads/2024/05/Transit-Solutions-Menu.jpg)
MOBILE DATA COLLECTORS (MDC™)
Y35 HD v3
Y35 v3
Y58 v3
508HD4a
Y724
Y816-R
Y816 v3
WIRELESS
Mobile Wi-Fi System – School Bus
ARTIFICIAL INTELLIGENCE
AI Dash Cam
School Bus Student Protector
Pedestrian Protector Camera AI382 AHD for School Bus
HOSTED SOLUTIONS – G4 VISION
Health Check
Clarity™
INTERIOR VIDEO FOR SCHOOL BUS
S32 IP v3 Camera
CI960 IP v3 Camera
WA12 Wide Angle Camera
Passenger Counting Sensor (PaC30)
EXTERIOR VIDEO FOR SCHOOL BUS
Student Protector Camera System (SP15)
Pedestrian Protector Camera AI382 AHD for School Bus
360° Surround Vision System (SV12 v3)
![Bus Camera](https://www.gatekeeper-systems.com/wp-content/uploads/2022/06/Bus-Camera.jpg)